Business owners to protest outside Knesset as Smotrich raises Israel's import tax exemption

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Energy Minister Eli Cohen criticized the Finance Minister's order to increase the VAT exemption, which was canceled after opposition from business owners and Likud MKs. In an interview with 103FM, he said that the cost of living requires significant steps, but argued that reforms should be promoted at the beginning of a term and in coordination with the parties on the ground.

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Finance Minister Bezalel Smotrich said at the opening of a meeting of the Religious Zionism faction on Monday: “Don't mess with the pocket of the citizens of Israel. Don't make Israeli citizens pay dearly. And if you make him pay dearly, you will regret it.” The full story: “About two months ago, I signed an order that allows every citizen to order goods from abroad tax-free up to $150. Until that moment, the exemption ceiling stood at only $75 …